Turtle Creek Asset Management Buys 50,000 Shares of JELD-WEN Holding, Inc. (NYSE:JELD) Stock

JELD-WEN Holding, Inc. (NYSE:JELD) major shareholder Turtle Creek Asset Management purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $5.97 per share, for a total transaction of $298,500.00. Following the purchase, the insider now directly owns 12,524,901 shares in the company, valued at $74,773,658.97. This trade represents a 0.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Turtle Creek Asset Management also recently made the following trade(s):

• On Friday, March 21st, Turtle Creek Asset Management bought 70,000 shares of JELD-WEN stock. The stock was bought at an average price of $5.97 per share, for a total transaction of $417,900.00.
• On Wednesday, March 5th, Turtle Creek Asset Management purchased 86,801 shares of JELD-WEN stock. The shares were bought at an average price of $5.62 per share, with a total value of $487,821.62.
• On Monday, March 3rd, Turtle Creek Asset Management acquired 26,336 shares of JELD-WEN stock. The stock was purchased at an average price of $5.73 per share, for a total transaction of $150,905.28.
• On Thursday, February 27th, Turtle Creek Asset Management bought 72,000 shares of JELD-WEN stock. The stock was purchased at an average price of $6.08 per share, for a total transaction of $437,760.00.
• On Monday, January 13th, Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock. The shares were purchased at an average price of $8.46 per share, with a total value of $634,500.00.
• On Friday, January 10th, Turtle Creek Asset Management bought 110,000 shares of JELD-WEN stock. The shares were acquired at an average cost of $7.65 per share, for a total transaction of $841,500.00.
• On Tuesday, January 7th, Turtle Creek Asset Management bought 125,000 shares of JELD-WEN stock. The stock was acquired at an average price of $7.90 per share, with a total value of $987,500.00.

JELD-WEN Stock Performance

Shares of JELD stock opened at $5.76 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market cap of $491.28 million, a P/E ratio of -2.58 and a beta of 1.92. The firm’s 50 day moving average price is $6.92 and its 200-day moving average price is $10.06. JELD-WEN Holding, Inc. has a one year low of $5.32 and a one year high of $21.75.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. As a group, equities research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Institutional Trading of JELD-WEN

Hedge funds have recently made changes to their positions in the business. Diversified Trust Co grew its holdings in shares of JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after purchasing an additional 2,242 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after acquiring an additional 3,066 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of JELD-WEN by 10.3% during the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after acquiring an additional 3,383 shares during the period. Performa Ltd US LLC raised its stake in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock valued at $412,000 after purchasing an additional 4,944 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

JELD has been the subject of a number of recent research reports. Barclays cut their price objective on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. UBS Group reduced their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Truist Financial dropped their target price on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. The Goldman Sachs Group reduced their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.06.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.